Reed puts on an impressive performance

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When healthcare and telecoms executives start paying £3,000 each to attend exhibitions, the signs are good not only for event organisers but for the wider economy.

Reed Elsevier, the publisher and events company, reported a 4 per cent rise in underlying profits from its exhibitions division yesterday at £123 million in the six months to June 30. Bookings are even better for 2011. In contrast, exhibitions brought in £152 million in the whole of 2009, as clients cut marketing spending.

The good performance helped sales at Reed, the publisher of Variety and The New Scientist, to grow 1 per cent